Global Fabrics Market Overview, Trends And Drivers – Includes Fabrics Industry
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The fabrics market is expected to grow from $103.14 billion in 2021 to $111.94 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The fabrics market is expected to grow to $135 billion in 2026 at a CAGR of 4.8%.
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Fabrics Market Driver
Increasing demand for online shopping is expected to drive the fabrics manufacturing market. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the apparel manufacturing market.
Fabrics Market Trends
The demand for smart fabrics is increasing rapidly. This is mainly driven by the growing use of smart fabrics in various sectors including fashion, entertainment, medical, transportation, sports and fitness, and the military. Smart fabrics are textiles that can interact with their environment and respond to a physical stimulus including those from mechanical, electrical, thermal, and chemical sources. Sensors, actuators, and fabrics are the major components of smart fabrics. The materials used in smart fabrics include optical fibres, metals, and conductive polymers.
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Fabrics Market Segmentation By The Business Research Company
1) By Type: Non-Woven Fabrics, Knitted Fabrics, Broadwoven Fabrics, Narrow Fabric Mills and Schiffli Machine Embroidery
2) By Product: Cotton Fabric, Linen Fabric, Silk Fabric, Canvas Fabrics, Polycotton Fabric, Other Products
3) By Application: T-shirts, Sportwear, Outdoor Clothing, Performance Wear
Subsegments Covered:, Dyed Artificial Knitted Fibres, Dyed Cotton Knitted Fabrics, Elastomeric Yarn Knitted Fabrics, Lace Knitted Fabrics, Pile Knitted Fabrics, Dyed Synthetic Knitted Fibres, Printed Synthetic Knitted Fibres, Other Knitted Fabrics.
Major Players And Regions Of The Fabrics Market
Major players in the fabrics market are Toray Industries Inc., Arvind Ltd., Luthai Textile Co. Ltd., Toyobo Co. Ltd., Marzotto S.p.A., Jiangsu Lianfa Textile Co Ltd, SRF Limited, Cotonificio Albini SpA, Menderes Tekstil Sanayi ve Ticaret AS, and Weiqiao Textile Company Limited.
Asia Pacific was the largest region in the fabrics market in 2021.
The Fabrics Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the fabrics market.
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